The Volkswagen Passenger Cars brand further strengthened the company’s profitability in fiscal year 2022. Thanks to effective sales management and rigorous cost optimization, the company generated a robust financial result. Despite the challenging economic situation and the unsettled geopolitical environment, operating profit before special items increased to EUR 2.6 billion and the operating return to 3.6 percent (fiscal year 2021*: EUR 2.2 billion/3.2 percent). Supply constraints and the resulting lower delivery volumes had a significant negative impact on earnings, especially in the second half of the year. The North and South America regions made a large contribution to earnings in 2022, with market share to be robustly expanded going forward. Volkswagen also intends to further accelerate the transformation to e-mobility. The brand anticipates an all-electric share of around 80 percent in Europe by 2030. To this end, ten new electric models are to be launched by as early as 2026, including an all-electric Volkswagen for under EUR 25,000, which makes its world debut today as the ID. 2all study.
- Solid financial base: Operating profit before special items increased to EUR 2.6 billion; operating return rises to 3.6 percent in challenging environment
- Successful regions: High earnings contribution from North and South America – billion-euro investments planned
- Surge in e-mobility: Around 80 percent of Volkswagens delivered in Europe are expected to be all-electric in 2030
- Ten new electric models by 2026, including an all-electric car for under EUR 25,000.
- Volkswagen CEO Thomas Schäfer: “In 2022, we successfully steered Volkswagen through difficult operational waters while at the same time doing our homework at strategic level.”
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Volkswagen Group
